Managing Director, Internal Audit_Financial Audit

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Managing Director, Internal Audit - Bank

The Managing Director, Internal Audit – Financial Audit has responsibility for the independent and objective assurance activity designed to improve the firm’s operations by evaluating and improving the effectiveness of risk management, control, and governance processes. They elevate control maturity while enabling the business, champion a client‑first, risk‑based culture, and ensure audit work drives actionable insights, timely remediation, and measurable risk reduction.

This position is also responsible for liaising with the firm’s Finance and Corporate Risk Management Enterprises, external co‑sourcing providers, and regulators. This role offers the opportunity to work in diverse areas of the business and to gain a broad perspective of all operations and activities. The position requires involvement in major change activities, affording the opportunity to shape the direction of internal audit.

Reporting to the General Auditor and an integral part of the Internal Audit leadership team, this is a highly cross‑functional leadership role, interfacing with senior leaders within both the Finance Enterprise (Finance, Treasury, Accounting) and Corporate Risk Management Enterprise (Financial Risk Management), who are responsible for managing capital adequacy, interest rate risk, liquidity risk and credit risk.

Key Responsibilities:

• Lead the Finance Internal Audit function, including strategy, planning, staffing, and operating model.
• Maintain functional reporting to the Audit Committee and administrative reporting to the General Auditor.
• Ensure the Internal Audit Charter, methodology, and practices align with industry standards (e.g., IIA Standards).
• Serve as a trusted advisor to the Board and senior leadership on governance, controls, ethics, and emerging risks.
• Champion a high‑performance culture focused on integrity, curiosity, and continuous improvement.

• Develop and execute an annual risk‑based audit plan covering all corporate/business functions.
• Oversee audits spanning processes within the Finance and Corporate Risk Management Enterprises and across various risk categories (e.g., capital, interest rate risk, liquidity, and credit)
• Ensure audits are delivered with high quality, clear risk articulation, and timely reporting.
• Provide actionable recommendations grounded in root‑cause analysis and business context.
• Monitor remediation of audit findings; escalate overdue issues and validate completed actions.

• Serve as the primary Internal Audit contact for prudential regulators.
• Prepare and deliver bank entity reporting to the Audit Committee, including risk themes, audit results, issue trends, and emerging concerns.
• Support regulatory exams and ensure Internal Audit meets supervisory expectations and industry best practices.

• Recruit, develop, and retain a high‑performing audit team with strong risk and technical capabilities.
• Foster a culture of accountability, continuous learning, and client‑centricity.
• Manage co‑sourced or specialized resources (e.g., integrated auditors) as needed.

• Advance the use of artificial intelligence (AI) tools such as CoPilot), data analytics, automation, and continuous monitoring to increase audit efficiency and coverage.
• Continuously enhance tools and processes to modernize the Internal Audit function.

Required Experience:

We seek a strong internal audit leader with a demonstrated focus on banking and trust services within the financial services industry, including:

• 12+ years of internal audit experience with increasing responsibility, preferably in a diverse financial services environment and/or with Big 4 Accounting experience; 5–7+ years progressive experience leading audit teams.
• Experience with capital stress testing, capital management, liquidity risk management, interest rate risk management, and credit risk management.
• Strong understanding of prudential requirements and expected practices for liquidity, interest rate risk and interrelationships with capital. Includes understanding…